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Last $1.10 USD
Change Today -0.01 / -0.90%
Volume 88.5K
BSPM On Other Exchanges
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

biostar pharmaceuticals inc (BSPM) Snapshot

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52 Week High
08/21/14 - $2.27
52 Week Low
01/30/15 - $0.91
Market Cap
Average Volume 10 Days
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biostar pharmaceuticals inc (BSPM) Details

Biostar Pharmaceuticals, Inc. develops, manufactures, and markets over-the-counter (OTC) and prescription pharmaceutical products for various diseases and conditions in the People’s Republic of China. The company principally offers Xin Ao Xing Oleanolic Acid capsule, an OTC medicine for chronic hepatitis B. Its product line also includes 12 other OTC products and 17 prescription-based pharmaceuticals. The company’s OTC products also comprise Ganwang compound paracetamol and amantadine hydrochloride capsule for the relief of common cold, runny nose, sore throat pain, headache, and fever; Tianqi Dysmenorrhea capsule, a traditional Chinese medicine used for the treatment of pain and other symptoms associated with menstruation; Deafness Tongqiao pills for the treatment of hepatobiliary Huosheng, head dazzling swelling, deafness and tinnitus, ear pus, dry stool, and urine-yellow; Wenweishu capsules for the treatment of chronic gastritis and pain of epigastric cold; Zhitongtougu ointment for the treatment of joint pain, swelling, tenderness, or dysfunction; and Chuzhang Zehaifu tablets for cataract. Its prescription pharmaceutical products include Danshen granules; Taohuasan pediatric medicines; Jingang tablets; Danxiang Rhinitis tablets; Yanlixiao capsules; Piracetam tablets; Huangyangning tablets; Hyperthyroidism capsules; Fosfomycin Calcium capsules; Qianlietong capsules; Yituo Erythromycin particles; Compound Danshen tablets; Muxiang Shunqi pills; Sifangwei capsules; and Aspirin Enteric-coated tablets. The company also operates, a Website that serves as Internet-based China Hepatitis Internet hospital, which offers HBV patients with information on HBV and treatment options, as well as methods to purchase HBV medicines. Biostar Pharmaceuticals, Inc. sells its products through distributors and a network of sales people in approximately 28 provinces. The company was incorporated in 2007 and is headquartered in Xianyang, the People’s Republic of China.

408 Employees
Last Reported Date: 04/15/15
Founded in 2007

biostar pharmaceuticals inc (BSPM) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $17.6K
Interim Chief Financial Officer and Director
Total Annual Compensation: $11.3K
Chief Operating Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

biostar pharmaceuticals inc (BSPM) Key Developments

Biostar Pharmaceuticals, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Biostar Pharmaceuticals, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $6,908,747 against $13,181,164 a year ago. Loss from operations was $889,998 against $763,112 a year ago. Loss before income taxes was $638,975 against income of $605,911 a year ago. Net loss was $160,104 or $0.01 per basic and diluted share against net income of $306,670 or $0.02 per basic and diluted share a year ago. Net cash provided by operating activities was $2,835,026 against $3,104,261 a year ago. Purchase of property, plant and equipment was $30,646 against $1,957 a year ago.

Biostar Pharmaceuticals Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Biostar Pharmaceuticals announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the year, sales were $61,416,587, loss from operations was $1,312,695, income before income taxes was $1,534,631 and net income was $4,848,212 or $0.33 per diluted share against sales of $52,729,054, income from operations of $508,221, income before income taxes of $2,656,026 and net income of $809,046 or $0.07 per diluted share a year ago. Net cash provided by operating activities was $3,310,618 against $8,909,113 a year ago. Purchase of property, plant and equipment was $2,869,204 against $982,012 a year ago. Net sales in the fourth quarter of 2014 was $14.4 million as compared to $11.0 million during the same period in 2013, representing a $3.4 million, or 31.0% increase. Net income for the quarter was $2.7 million.

Biostar Pharmaceuticals Mulls Acquisitions

Biostar Pharmaceuticals, Inc. (NasdaqCM:BSPM) is seeking acquisitions. Ronghua Wang, Chairman and Chief Executive Officer Of Biostar Pharmaceuticals, Inc., said “The Company also believes that economies of scale is vital to continue to improve its bottom line accordingly, when the right opportunity presents itself, the Company will consider acquiring competitors to ramp up its production.”


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